FedEx raises guidance again after strong earnings beat

FedEx Corp. on Thursday reported strong fiscal third-quarter earnings, exceeding optimistic analyst expectations, and raised full-year guidance once again. Corporate revenue increased 8% year over year to $24 billion, beating consensus estimates by $520 million, and adjusted earnings per share hit $5.25 (consensus was $4.09), up 16%, behind yield and volume strength across nearly all package services, plus cost savings from restructuring initiatives. FedEx (NYSE: FDX) delivered strong results for the quar ...